Danae-Arsenia Fillidou, a 17-year-old student from the city of Kavala in northern Greece, burst into tears when she received the award for the best student newspaper at the 19th Panhellenic Student Newspaper Competition organized by the Greek daily Ta Nea. Due to the dire financial situation, the young student was selected to represent her school [...]
Tag Archives | Greek debt crisis
EFSF Bailout Fund Approves Greek Emergency Payment
Euro zone governments kept Greece afloat on Wednesday after agreeing on a payment of 5.2 billion euros from the region’s bailout fund, despite opposition from some member states following the Greek election results. After a conference call, the board of the European Financial Stability Facility, the 700 billion euro bailout fund administered by the 17 [...]
Barroso Calls on Greece to Choose Between Austerity or Default
The general elections of May 6 in Greece are over and political controversy and turmoil seem to have settled on the everlasting problem of the Greek debt crisis. With the Greek spreads rising, the political chart of Greece going through unprecedented changes in power advocates, and the people of the country strongly denouncing the austerity [...]
Papademos Warns Against Europhobia Ahead of Elections
Greek prime minister Lucas Papademos has said that the country’s place in the European Union must be defended. Against a backdrop of deep debt, cuts and unemployment, Papademos warned against europhobia as Greeks prepare to vote in next month’s election. “The large majority of the Greek people recognize the many substantial, long term benefits and [...]
Greek Suicides Become Daily Phenomenon Amidst Ongoing Crisis
The list of the Greek crisis’ victims is steadily and alarmingly growing. A 38-year-old lecturer from the University of Athens is the most recent tragic loss in a country crippled by rising unemployment, severe cuts in pensions and salaries, drastic increases in taxation and further unpopular EU/IMF/ECB inspired measures. Dr. Nikos Palyvos was a geologist [...]
Germany and Greece During the Crisis: Who Wins, Who Loses?
Unemployment has surged to 18.8 percent from 13.3 percent only a year ago. Overburdened public hospitals are facing critical shortages of everything from syringes to bandages. Children faint out of starvation in schools. Rates of suicide, homelessness, crime and HIV cases from intravenous drug use are jumping like crazy. And instead of focusing on the [...]
Greek Crisis Drives Albanian Migrant Workers Back Home
The majority of the Albanian migrant workers residing currently in Greece are considering the Greek debt crisis as their potential ticket back home. After getting a taste of capitalism in Greece in the past decades, more and more Albanian citizens are feeling pessimistic over the Greek situation and are thinking of leaving Greece to find [...]
11-year-old Proposes Pizza-like Greek Euro Exit Plan
Everyone who thinks that the Troika or German bailout plan for Greece is harsh and strict on the Greeks should read the Euro exit plan scenario proposed by Dutch Jurre Hermans. And let it be noted that Mr. Hermans is only an 11-year-old boy and no analyst. The youngster submitted his proposal on a contingency [...]
Downtown Athens Historic Shops Shut Down One After the Other
Shops in downtown Athens that have been open for many decades are now kneeling under the burden of the economic crisis. More and more historic shops and restaurants that managed to survive the junta regime are now shutting down because of the economic hardships and recession. According to “Typos tis Kyriakis” daily newspaper, the once glamorous [...]
Merkel: Greece on Track to Weather Debt Crisis
Greece has a chance to weather its crisis after the eurozone and private creditors agreed to restructure its debt, but has “a long way to go,” German Chancellor Angela Merkel told a Czech daily Saturday. “Greece has a chance now … it still has a long way to go, but it has already walked a [...]
Greeks Leave their Dead in Morgues Because of Burial Expenses
The Greek debt crisis has given birth to a new social problem of macabre dimensions. The relatives of dead people prefer leaving the corpses of their beloved ones at hospital morgues rather than paying for the burial service. According to the president of the Employees’ Union of Sotiria Hospital in Athens, Mr. Bassilis Koniaditis, the [...]
The Greek Media and the Economic Crisis
Entering the fifth year of recession, Greece and its people are undergoing a series of different changes in their everyday life; from severe cuts in payments and benefits, spiking unemployment, social and political unrest, new age homelessness to solidarity movements, most levels of society are being affected by the new economic data without exception. The [...]
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05 / 24 EU Leaders Tell Greek Voters to Make “The Right Choice”
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05 / 23 A Crisis of Democracy: Greece
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05 / 23 Fearing Eurozone Exit, More Greeks Stop Paying Taxes
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05 / 23 Market Watch: ‘If Greece Exits Eurozone, Replace It With Turkey’
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05 / 23 Pilot Program Allows Immediate Visa for Turkish Tourists on Arrival to Greek Islands
Calendar – Exhibits, Concerts, Fun
- Thessaloniki: 50 Year Anniversary Commemorated of Seferis Literature Nobel Prize May 23, 2012
- ‘Doctors of the World’ International Conference to be Held in Greece May 22, 2012
- Crete is a Mediterranean ‘Treasure’ of Aromatic Plants and Herbs May 22, 2012
- Crete to Export Products to Australia May 21, 2012
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